Check this guide - https://moonbeam.network/community/collators/
Still unsure about the minimum balance I need to have… is it 1000 MOVR?
Yes, but soon self bond will change to 500 + 100 MOVR. you need to have at least 500 movr tokens for bonding and 100 movr to identity yourself
Is it known how much GLMR is needed to be a collator on Moonbeam?
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What does a collator do or mean?
The main purpose of a collator is to produce blocks and support block liveness on the network. From there, collators offer up blocks to validators on the relay chain for finalization. This is similar to the role of miners in Proof of Work networks but, unlike miners, collator nodes do not contribute to the safety of the network and are critical to liveness, decentralization, censorship resistance, and security. Essentially, collators work to produce state transition proofs for validators based on the Polkadot and Kusama relay chains and maintain a full node on both the relay chain and parachain in which they operate. This is an opportunity to support the Moonbeam project and gain specialized knowledge while also earning real network rewards, such as Moonbeam’s native utility token, Glimmer (GLMR), and Moonriver’s native utility token, Moonriver (MOVR).
If someone becomes a collator, is it a lot more work than staking? Do you get better rewards?
Yes, this is for very tech-savvy people
It seems it’s similar to validators
Im interested in becoming a collator. What will the minimum amount of Glmr staked be based on current data and have they set the reward APY for it yet?
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